In this ASX small-cap analysis, we drill into Axel Ree (AXL.ASX), a rare earths and gallium project in Brazil's Lithium Valley. With two JORC resources declared—roughly 233 Mt of rare earths and about 100 Mt of gallium—the company is positioned to move from explorer to emerging developer. We unpack the in-situ recovery (ISR) approach, the implications of Area A and Area B, and how a potential premium mixed rare earth carbonate from Area B could boost value. The video also places Axel Ree in context with peers and outlines the near-term milestones that could unlock value, including trial mining and the path to a formal feasibility study. What we cover: - Project overview, geography and the dual commodity opportunity - In-situ recovery: how magnesium sulfate (Epsom salts) unlocks rare earths securely and environmentally - Area A vs Area B: resource scale, metallurgical work, and the premium carbonate opportunity - Gallium economics: market size, pricing, and how it sits above REEs - Trial mining vs PFS/DFS: why the team is choosing a lean, real‑numbers approach and how it fast-tracks development - Milestones: maiden JORC resources in Area B, Woolwich inferred resource, and the timing for trial mining - Competitive context: how Gerik mine in Malaysia provides a practical analogue for capex and profitability Timestamps: 00:00 Welcome and overview – rare earths, gallium and Axel Ree 01:12 Interview with Paul Dickson and project intro 02:10 Valuation gap vs Brazilian peers 04:03 Area A and Area B overview 05:22 Gallium sits on top of rare earths; premium potential 06:08 Area B – potential premium mixed rare earth carbonate 08:09 What is in-situ recovery (ISR) and why it matters 10:04 Benchmarking to the Gerik mine analogy 11:37 Gallium commercialisation strategy and partnerships 12:00 Trial mining vs PFS/DFS – what this means 13:37 Next milestones and 18–24 month plan 15:41 What to watch next and metallurgical work 16:23 Outro and how to follow AXL.ASX Conclusion/CTA: If you want to stay updated on Axel Ree and the evolving rare earths and gallium story, subscribe for regular updates and follow AXL.ASX for the latest milestones and news. ⚠️ IMPORTANT DISCLAIMER: This content is for educational and entertainment purposes only and should not be considered financial advice. All investments carry risk, including the potential loss of principal. Past performance does not guarantee future results. Always conduct your own research and consider seeking advice from a qualified financial advisor before making investment decisions. The creator may hold positions in securities discussed. 📌 Articles: https://smallcaps.com.au/axel-ree-brazil-first-in-situ-gallium-mineral-resource-caladao-project https://smallcaps.com.au/axel-ree-high-grade-gallium-caladao-project-brazil https://smallcaps.com.au/axel-ree-high-grade-rare-earths-gallium-caladao-latest-assays https://smallcaps.com.au/axel-ree-high-grade-gallium-rare-earth-potential-caladao 🔎 More on this company: https://smallcaps.com.au/stocks/asx-axl/ ⸻ Small Caps is Australia’s #1 site for market news & information on ASX-listed small cap companies. 🌐 WEBSITE https://smallcaps.com.au/ 🎧 PODCAST https://smallcaps.com.au/podcast/ 📱 SOCIAL MEDIA Facebook: https://www.facebook.com/SmallCapsASX Twitter: https://twitter.com/SmallCapsASX LinkedIn: https://www.linkedin.com/company/small-caps/ 📬 NEWSLETTER https://smallcaps.com.au/subscribe/